Kraken is excited to announce that Kraken Wrapped Bitcoin (kBTC) is now live on Unichain, an Ethereum-based Layer 2 developed by Uniswap Labs. 

Additionally, Unichain users and developers can now transfer ETH and USDT0 directly between Kraken and Unichain. The integration expands Kraken’s role as the liquidity hub for clients to seamlessly tap into multi-chain experiences. 

What makes kBTC different?

Unlike many wrapped assets, kBTC is:

1:1 backed by Bitcoin held at Kraken Financial, a Wyoming-chartered SPDI Fully transparent, view our onchain proof of reserves anytime at https://kraken.com/kbtc  Cross-Chain, now live across Ethereum, OP Mainnet, Ink and Unichain Use it. Build with it. Verify it.

From DeFi primitives to cross-chain protocols, kBTC is ready to power new innovation, backed by Kraken’s 13+ years of security and infrastructure excellence. Here is our KBTC Unichain smart contract, and here’s our BTC custody address.

With kBTC, we’re bringing the power of

Keep reading this article on Kraken.com.

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